While Americans are doing everything they can to support businesses during tough times, sometimes it’s not enough to keep restaurants from closing up. A new survey from LendingTree actually found that 50% of Americans said one or more restaurants they loved have closed due to the ongoing coronavirus pandemic.
This problem was especially worse in the Northeast part of the country with a whopping total of 65% of Americans saying one of their favorite restaurants closed. Matt Schulz, chief credit analyst for LendingTree, opens up a bit more about the report.
Americans say one or more of their beloved restaurants have closed due to COVID
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“The pandemic has been an absolute catastrophe for the restaurant business,” he says. “So many have closed and so many more are teetering on the edge and will likely continue to until we see a major decrease in COVID-19 cases and these restaurants are open to their full capacity. That’s likely not happening anytime soon.”
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